This year has certainly been remarkable for the Assisted Living Project Limited (ALP), as highlighted in the company’s quarterly investor reports.
The year began with a triumphant presence at the World Economic Forum annual meeting in Davos. Thomas Williams, ALP’s founder, presented the company’s mission to esteemed venture capitalists, including Astanor Ventures, Sway Ventures and UnaTerra VC.
This presentation earned ALP the title of the best impact investment opportunity at the Litestream Ventures Annual Impact Investment Gathering, securing a feature in an upcoming television series showcasing innovative businesses tackling global challenges.
Speaking about the event, Thomas Williams, Managing Director for the Assisted Living Project said:
“Winning best pitch at the Litestream Investment Summit in Davos is a tremendous honour. Assisted Living Project is determined to make a meaningful difference in the lives of those with enduring illnesses and this recognition will propel our mission forward.”
Building Wealth, Building Lives
The Assisted Living Project collaborates with housing associations and Community Benefit Societies (CBS) across the United Kingdom to address an urgent need; providing people with enduring illnesses with fit-for-purpose accommodation.
The ageing population, rising prevalence of chronic conditions, changing family dynamics and insufficient affordable housing have all heightened the demand for supportive living arrangements.
Backed by a seasoned team, including Duncan Bannatyne OBE from Dragons’ Den, ALP acquires completed apartment blocks specifically designed for assisted living and provides long-term leases funded by the Department for Work and Pensions (DWP).
The goal is to deliver over 100 apartments ready for occupancy by 2025, ensuring a sustainable solution to this growing need.
Key Developments and Achievements
After successfully raising funds to purchase their first property, which will accelerate their path to obtaining REIT status from HMRC, ALP visited several UK properties during Q1.
Achieving REIT status will unlock various benefits for investors, positioning the company favourably for future opportunities and an eventual stock exchange listing.
During the site visits, the company identified numerous suitable locations, all with the potential to generate slightly higher rental yields than initially projected, promising higher dividends for investors.
Progress in Property Acquisition
In Q2, ALP reported they were in the final stages of acquiring their first five properties in Stockton-on-Tees. They are making significant progress toward completing the transaction, which will soon start generating revenue. This marks a milestone in their growth trajectory and underscores their commitment to delivering value.
Expanding Relationships with Care Providers
The shortage of assisted living accommodation across the UK means the company aims to strengthen and expand its relationships with care providers nationwide. ALP are currently in discussion with multiple care providers to explore how they can support their assisted living needs moving forward.
Recognition and Endorsement
Duncan Bannatyne’s recent visit to Manchester, where he met with care provider Julie and tenants, further highlighted the excellence of ALP’s initiatives and property quality.
His commendation of the project and suggestion for a Pride of Britain award for Julie speaks volumes about the impact and significance of ALP’s work.
Praising ALP’s achievements, Duncan Bannatyne OBE said:
“Assisted Living Project’s well-deserved win reflects their unwavering dedication to making a meaningful difference”.
Building Momentum
The second quarter has been equally eventful, with ALP participating in MIPIM 2024, the premier real estate event. Engaging with industry leaders, ALP explored potential collaborations and forged strategic connections, setting the stage for continued success.
To expand their reach further and secure additional capital, ALP was approved to feature on the regulated crowdfunding platform, Nextcrowd. This approval will broaden their investor base and facilitate growth and expansion initiatives.
Investing in Impact
In support of this vital initiative, Westbrooke Associates is currently promoting investment into ALP.
The investment opportunity provides government-backed income from day one, with fully insured and repairing leases. Furthermore, there are no void periods, as maintenance and management fees are covered by the DWP.
Equally, with secure 25-year leases and a rental income that outpaces inflation by 1%, this opportunity promises investors financial stability and substantial returns. Additionally, investors can expect a predicted 2.1x multiple upon flotation, showcasing the potential for significant financial gains.